What to expect today on AUD/JPYDivergence on the bottom, price trying to break a bearish TL, wait for a possible fake out, then go long.
Aud-jpy
Long set up on AUD/JPY We can see the divergence on the bottom that the TDI is telling us, plus direction of the EMAs.
Don't miss the great buy opportunity in AUDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 73.10
TP2= @ 73.90
TP3= @ 75.90
SL= Break below S2
